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EU Bullet Report – Currencies In The Spotlight

EU Bullet Report – Currencies In The Spotlight

  ​AUD/USD posted strong gains for a second straight week, gaining 150 points. The pair closed at 0.7555. This week’s highlights are RBA minutes and Employment Change. USD/CAD: The Canadian dollar posted strong gains for a third straight week, gaining about 130 points against the US dollar. USD/CAD closed the week at the 1.32 line and is […]
Buy & Hold Can Be Risky, Too

Buy & Hold Can Be Risky, Too

Holding stocks for the long run has obvious appeal. The historical record shows that if you simply ignore the short-term noise and focus on the next 10 or 20 years, you’ll do fine, and perhaps substantially better than fine. The big risk is that you chicken out midway through the next period of subpar performance. […]
The State Of The Global Economy

The State Of The Global Economy

  Europe sets the tone but will Asia follow……. On Thursday, 10 March 2016, the European Central Bank (ECB) announced a series of 6 significant policy decisions aimed at driving growth, raising production and stimulating overall economic activity. Among the most significant policy decisions was the increase of asset purchases by €20 billion per month, […]
GBP/USD: Sells Off On Price Weakness

GBP/USD: Sells Off On Price Weakness

GBP/USD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBP/USD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below […]
Coming Up Short In 2016

Coming Up Short In 2016

January’s wild ride set the tone for a jittery year in market performance. While the first quarter of 2016 has managed thus far to recover from its precipitous initial swoon, investors aren’t feeling comfortable with the current state of affairs. Fed policy regarding interest rate direction, a strong dollar, and depressed commodities are key factors […]
GBP/USD Loses 1.42 On Heightened Brexit Fears

GBP/USD Loses 1.42 On Heightened Brexit Fears

A fresh opinion poll in one of Britain’s leading newspapers, the conservative Telegraph, shows a small lead for Britain leaving the European Union, with elevated enthusiasm for the Leave campaign, according to the Lynton Crosby survey. Immigration is the key sticking point. This weighs on the pound, with GBP/USD extending the “risk off” slide below 1.42. Update: the pair […]
DAX 30: Price May Find Short-Term Respite

DAX 30: Price May Find Short-Term Respite

In the days following the latest ECB rate meeting, the DAX 30 breached its January 27 high of 9922, an act which has invariably propelled price higher, but what is the health of the overall trend? The overall trend is bearish since March 10, 2015 as clearly seen in the chart below. This is supported by the ever […]
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                        Yen Relations With Chinese Economy

E Yen Relations With Chinese Economy

Japan’s yen went down last week as their neighbor China reported better than expected figures in consumer price growth, putting an end to any possible monetary easing. The CPI (Consumer Price Index) went up at a higher pace than expected in the month of February, pushing China into a narrow corridor for what regards any […]
An Imperfect Circle

An Imperfect Circle

DOW + 15 = 17,229SPX – 2 = 2019 NAS + 1 = 4750 10 Y – .02 = 1.96%OIL – 1.15 = 37.35 GOLD – 15.10 = 1236.00 No economic reports scheduled for this morning, but the remainder of the week will be busy. The Fed FOMC will release their economic forecast along with their […]
Gold Drops As Investors Lock In Gains Ahead Of FOMC

Gold Drops As Investors Lock In Gains Ahead Of FOMC

Gold prices ended Monday’s session down $15.27, to settle at $1234.96 an ounce, pressured by strength in the dollar and global equity markets. The market initially tried to break upwards but came under fresh selling pressure at around the $1258.60 level where the Tenkan-Sen (nine-period moving average, red line), Kijun-Sen (twenty six-period moving average, green […]